What are e-Signatures?

What are e-Signatures?

Written By
Joy Cunanan
Updated on
April 6, 2022
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Defining e-Signatures

What are e-Signatures?

Electronic signatures or e-signatures signify and embody the consent of a party to be bound by a contract through electronic means, instead of ink on paper. It is verifiable and legally binding and can validate, track and retain signatures and signatory information at every stage of a document's lifespan.

For Legal – It permits completely remote signing while adhering to the rules outlined in contracts.

For Sales – It frees up your team from manual administrative work so they can concentrate on their sales results.

For Procurement – It enables you team to close deals faster by avoiding the cumbersome tasks of tracking down signatures.

For HR – It boosts efficiency by allowing current and incoming employees to sign documents anywhere.

There is much to be gained in implementing e-signatures in your business, from reduced costs to increased team efficiency. Many platforms offer a standalone product allowing the use of e-signatures in your documents. However, contract management platforms take this a few steps further by building a system based on your team’s workflow to manage all your agreements from creation until renewal. Book a demo with Lexagle today and discover our contract management capabilities that directly address common business pain points.

Joy Cunanan
Joy is the Digital Transformation Manager at Lexagle. As a marketing professional in the Tech and B2B industry for over seven years, she is always on the lookout for the next best solution in the ever-changing online world. With a passion for helping businesses thrive and optimize operations, she shares her expertise in the power of contract lifecycle management and its capacity of easing the contracting process for busy organizations worldwide.
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